Despite the research statistics in reason 1. Many more people are now recycling their old mobiles and gadgets. I believe because of a mixture of things. (a) The awareness raised around mobile phone recycling. (b) The economy and peoples financial situations and (c). A genuine care for the Environment and a will to want to recycle. By doing so and getting cash for your mobile, you will be encouraging other people to do the same. In turn this will create a viral effect (As it has). And mean more people recycling, more carbon offsetting and less damage to the Environment.
When you recycle your mobile. It goes through checks and stages. It can either be refurbished and then resold on again to other people. Maybe those in poorer countries where they can not afford new mobiles but need to stay in touch with family and friends etc. Or it can have its working parts taken out and used as replacement parts in other mobiles that are sold on again this way. Or wisely, it is recycled completely to make new products which can in turn, help people out in other ways there too.
These reasons to recycle your old mobile for cash will give you more of an insight into why people do. At the end of the day, there is only so much you can say on the matter. But there is still a way to go when it comes to mobile phone recycling so that it truly can have a helping effect on our Environment.
Plain and simply for the monetary incentive of getting cash for your old mobile phone. Studies have shown that statistically around 80% of people would only recycle their mobile for money or some other incentive. Fortunately this is the case for working and broken phones alike. And you can even get Gift Vouchers for mobile phones now.
As you may know, the recycling of mobile phones (and similar electrical gadgets) helps the Environment in a number of ways. It reduces landfill for starters. Where mobiles, and their batteries, can contaminate the earth and grounds natural food and water supply which can cost millions more to treat safely. It also reduces mining in places where there are delicate ecological systems or endangered species of wildlife. All the metals, plastics, glass and materials from the phone can be extracted and used again in new products. So by recycling your mobile you are essentially offsetting its carbon footprint which means less damage to the Environment.
A new market forecast predicts app spending will reach $270 billion by the year 2025, including paid downloads, in-app purchases, and subscriptions. According to data from Sensor Tower, in-app spending will return to pre-pandemic levels of stable growth over the next few years, downloads will continue to grow, and, perhaps most notably, it’s predicting app store spending in non-game apps will overtake mobile game spending by 2024.
This is a big bet, given that, today, consumers spend twice as much on mobile games than on non-games. The firm, however, believes the subscription model now being adopted by a range of mobile apps will cause a shift in the market. By 2024, it expects non-game spending to reach $86 billion compared with $73 billion in game spending. And by 2025, that gap will widen, with non-games reaching $107 billion while mobile games reach $78 billion.
Last year, global consumer spending in the top 100 subscription apps was up by 34%, year-over-year, to give you an idea of the current state of the market. But there were already some indications that subscription growth was being impacted by larger apps, like Netflix and Tinder, which found workarounds to in-app purchases.
What Sensor Tower also can’t predict is how the regulatory environment of the next several years will play out across the app stores. Today, companies like Apple and Google require apps to charge customers for subscriptions via Google and Apple’s own payment mechanisms. But new anti-competition laws could be enacted that would allow publishers to market their own subscriptions inside their apps, which then redirect users to their own channels to make those purchases. Such a change would have an outsized impact on app store subscription growth trends, and, therefore, this forecast.
Though the pandemic pushed in-app spending up by 30% year-over-year to a record $111 billion in 2020, the new forecast predicts general in-app spending will return to pre-COVID levels over the next five years. It says gross revenue across both app stores will climb each year with a 19.5% compound annual growth rate (CAGR) to reach $270 billion by 2025. Of that figure, $185 billion will be App Store spending, versus $85 billion on Google Play.
The U.S. will grow slightly slower than the rest of the global market, with a CAGR of 17.7% to reach $74 billion by 2025.
European markets will drive growth in app store spending from 2020 through 2025, led by the U.K. This not the equivalent to which markets see the most spending in total, but rather is about where growth is taking place — in other words, opportunity for app makers. By 2025, 11 European countries will pass the $1 billion in consumer spending milestone, to collectively reach $42 billion in consumer spend.
Downloads, meanwhile, will continue to grow over the next several years, to reach 230 billion by 2025, the forecast predicts, with Google Play accounting for a majority of that figure, with 187 billion global downloads. In the U.S., however, App Store downloads in 2025 (10.6B) will top those from Google Play (6.3B), the report concludes.